Feb 23, 2017
LAS VEGAS and ATLANTA – February 23, 2017 –Scientific Games Corporation (NASDAQ: SGMS) (“Scientific Games” or the “Company”) today announced that Norsk Tipping (“the Lottery”), Norway’s national lottery operator and World Lottery Association member, has awarded the Company two new three-year contracts to provide interactive casino and eInstant games. The contracts, which Scientific Games won following a competitive procurement process, may be extended for one additional year. The Company’s world-class digital content will be offered to Norwegian players via a singe point of delivery through Scientific Games’ secure remote gaming server (“RGS”) platform.
Scientific Games also provides Norsk Tipping with lottery instant games as well as lottery gaming systems and retail technology. The Company is also collaborating with the Lottery to innovate in areas such as product portfolio management, prize structures and payouts, and retail product display.
Åsne Havnelid, Chief Executive Officer, Norsk Tipping, said, “We look forward to offering more game entertainment from Scientific Games to Norwegians. The instant games, technology, and services provided by Scientific Games have proven successful and helped us in our mission to grow responsibly. Since launching our iGaming program several years ago, Norsk Tipping remains committed to providing the very best portfolios and interactive casino and eInstant products to our players, while executing our responsible gaming principles.”
Norsk Tipping, considered to be one of the industry’s most innovative lotteries, is currently ranked No. 4 in the world for total sales per capita (La Fleur’s Almanac).
Bob Hays, Vice President Global Commercial for Scientific Games, said, “The addition of interactive casino and eInstant content nearly completed a full product offering for Norsk Tipping from Scientific Games. Driven by our advanced RGS platform, our exceptional digital game portfolio will support the Lottery’s continued mission to grow responsibly while entertaining players in Norway with the best lottery and gaming experiences in the world.”
In the Nordic region, in addition to providing lottery systems and retail technology to Norsk Tipping, Scientific Games will soon launch new gaming systems technology to Danske Spil in Denmark. The Company currently provides instant games to Danske Spil, Veikkaus Oy in Finalnd and several lotteries in Sweden; as well as lottery systems and retail technology to Islensk Getspa in Iceland.
The leading supplier of lottery instant games in the world, Scientific Games provides games, technology and services to more than 150 lotteries globally.
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About Scientific Games
Scientific Games Corporation (NASDAQ: SGMS) is a leading developer of technology-based products and services and associated content for worldwide gaming, lottery and interactive markets. The Company’s portfolio includes gaming machines, game content and systems; table games products and utilities; instant and draw-based lottery games; server-based lottery and gaming systems, sports betting technology; loyalty and rewards programs; and interactive content and services. For more information, please visit us at www.scientificgames.com.
Lottery Communications
Therese Minella +1 770-825-4219
Corporate Communications
Susan Cartwright +1 702-532-7981
Investor Relations
Bill Pfund +1 702-532-7981
Norsk Tipping
Hans Erland Rigsvold +47 90027124
Forward-Looking Statements
In this press release, Scientific Games makes "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results or strategies and can often be identified by the use of terminology such as "may," "will," "estimate," "intend," "plan," "continue," "believe," "expect," "anticipate," "target," "should," "could," "potential," "opportunity," "goal," or similar terminology. These statements are based upon management's current expectations, assumptions and estimates and are not guarantees of timing, future results or performance. Therefore, you should not rely on any of these forward-looking statements as predictions of future events. Actual results may differ materially from those contemplated in these statements due to a variety of risks and uncertainties and other factors, including, among other things: competition; U.S. and international economic and industry conditions, including slow growth of new gaming jurisdictions, slow addition of casinos in existing jurisdictions, and declines in the replacement cycle of gaming machines; ownership changes and consolidation in the gaming industry; opposition to legalized gaming or the expansion thereof; inability to adapt to, and offer products that keep pace with, evolving technology, including any failure of our investment of significant resources in our R&D efforts; inability to develop successful products and services and capitalize on trends and changes in our industries, including the expansion of internet and other forms of interactive gaming; laws and government regulations, including those relating to gaming licenses and environmental laws; dependence upon key providers in our social gaming business; inability to retain or renew, or unfavorable revisions of, existing contracts, and the inability to enter into new contracts; level of our indebtedness, higher interest rates, availability or adequacy of cash flows and liquidity to satisfy indebtedness, other obligations or future cash needs; inability to reduce or refinance our indebtedness; restrictions and covenants in debt agreements, including those that could result in acceleration of the maturity of our indebtedness; protection of our intellectual property, inability to license third party intellectual property, and the intellectual property rights of others; security and integrity of our products and systems and reliance on or failures in information technology and other systems; challenges or disruptions relating to the implementation of a new global enterprise resource planning system; failure to maintain internal control over financial reporting; natural events that disrupt our operations or those of our customers, suppliers or regulators; inability to benefit from, and risks associated with, strategic equity investments and relationships; failure to achieve the intended benefits of our acquisitions; incurrence of restructuring costs; implementation of complex revenue recognition standards or other new accounting standards; changes in estimates or judgments related to our impairment analysis of goodwill or other intangible assets; fluctuations in our results due to seasonality and other factors; dependence on suppliers and manufacturers; risks relating to foreign operations, including fluctuations in foreign currency exchange rates, restrictions on the payment of dividends from earnings, restrictions on the import of products and financial instability, including the potential impact to our business resulting from the affirmative vote in the U.K. to withdraw from the EU, and the potential impact to our instant lottery game concession or VLT lease arrangements resulting from the recent economic and political conditions in Greece; changes in tax laws or tax rulings, or the examination of our tax positions; dependence on key employees; litigation and other liabilities relating to our business, including litigation and liabilities relating to our contracts and licenses, our products and systems, our employees (including labor disputes), intellectual property, environmental laws and our strategic relationships; influence of certain stockholders; and stock price volatility.
Additional information regarding risks, uncertainties and other factors that could cause actual results to differ materially from those contemplated in forward-looking statements is included from time to time in our filings with the SEC, including the Company's current reports on Form 8-K, quarterly reports on Form 10-Q and its latest annual report on Form 10-K filed with the SEC on March 3, 2017 (including under the headings "Forward Looking Statements" and "Risk Factors"). Forward-looking statements speak only as of the date they are made and, except for Scientific Games' ongoing obligations under the U.S. federal securities laws, Scientific Games undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.